What can be done, short term?

plus, the FOMC, and crypto markets

“We have no future because our present is too volatile. ... We have only risk management.” – William Gibson  ||

Hello everyone, I hope you’re all doing well! What a week… I feel like it’s time to find some grass to touch.

Below, I touch on yesterday’s FOMC statement and press conference, there were some intriguing takeaways. I also go deeper on the crypto market’s reaction to the election and the resulting outlook. And although I hate to be a downer, I look at where election-related crypto expectations could be getting ahead of themselves.

IN THIS NEWSLETTER:

• No election comment from the Fed

• Crypto gets busy

• What can be done, short term?

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as audio, relevant links and music recommendations ‘cos why not.

WHAT I’M WATCHING:

No election comment from the Fed

Unusually, yesterday’s FOMC rate cut barely registered with markets – a more common pattern is a blip (usually downward) on the statement release followed by some notable swings once the press conference is under way. We got none of that.

(US 10-year yield chart via TradingView)

Maybe traders have other things on their mind?

Jokes aside, the press conference did drop some interesting gems: